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    Statement of Management Responsibility

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    Conrad Briones
    The management of FOXO GROUP CORPORATION is responsible for the accuracy of the financial statements for the year ended December 31, 2014. They prepared the statements using generally accepted accounting principles in the Philippines and best estimates. Management maintains internal controls to properly authorize and record transactions, safeguard assets, and recognize liabilities. The Board of Directors reviews and approves the financial statements before submitting them. An independent auditor examined the statements and expressed an opinion on the fairness of their presentation. Management is also responsible for the accuracy of all tax returns filed, including the annual income tax return, and for ensuring compliance with Philippine tax laws.

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    Statement of Management Responsibility

    Uploaded by

    Conrad Briones
    3K views2 pages
    The management of FOXO GROUP CORPORATION is responsible for the accuracy of the financial statements for the year ended December 31, 2014. They prepared the statements using generally accepted accounting principles in the Philippines and best estimates. Management maintains internal controls to properly authorize and record transactions, safeguard assets, and recognize liabilities. The Board of Directors reviews and approves the financial statements before submitting them. An independent auditor examined the statements and expressed an opinion on the fairness of their presentation. Management is also responsible for the accuracy of all tax returns filed, including the annual income tax return, and for ensuring compliance with Philippine tax laws.

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    statement of management responsibility

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    The management of FOXO GROUP CORPORATION is responsible for the accuracy of the financial statements for the year ended December 31, 2014. They prepared the statements using generally accepted accounting principles in the Philippines and best estimates. Management maintains internal controls to properly authorize and record transactions, safeguard assets, and recognize liabilities. The Board of Directors reviews and approves the financial statements before submitting them. An independent auditor examined the statements and expressed an opinion on the fairness of their presentation. Management is also responsible for the accuracy of all tax returns filed, including the annual income tax return, and for ensuring compliance with Philippine tax laws.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    3K views2 pages

    Statement of Management Responsibility

    Uploaded by

    Conrad Briones
    The management of FOXO GROUP CORPORATION is responsible for the accuracy of the financial statements for the year ended December 31, 2014. They prepared the statements using generally accepted accounting principles in the Philippines and best estimates. Management maintains internal controls to properly authorize and record transactions, safeguard assets, and recognize liabilities. The Board of Directors reviews and approves the financial statements before submitting them. An independent auditor examined the statements and expressed an opinion on the fairness of their presentation. Management is also responsible for the accuracy of all tax returns filed, including the annual income tax return, and for ensuring compliance with Philippine tax laws.

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    STATEMENT OF MANAGEMENT’S RESPONSIBILITY

    FOR FINANCIAL STATEMENTS

    The management of FOXO GROUP CORPORATION is responsible for all information and
    representations contained in the financial statements for the year ended December 31, 2014. The
    financial statements have been prepared in conformity with generally accepted accounting
    principles in the Philippines and reflect amounts that are based on the best estimates and
    informed judgment of management with an appropriate consideration to materiality.

    In this regard, management maintains a system of accounting and reporting which provides for
    the necessary internal controls to ensure the transactions are properly authorized and recorded,
    assets are safeguarded against unauthorized use or disposition and liabilities are recognized.

    The Board of Directors reviews the financial statements before such statements are approved
    and submitted.

    MR. CONRADO M. BRIONES, the independent auditor appointed by the Board of Directors,
    had examined the financial statements of the company in accordance with generally accepted
    auditing standards in the Philippines and has expressed his opinion on the fairness of
    presentation upon completion of such examination, in his report to the Board of Directors.

    Roi John B. Gabalog


    President/Chairman

    Yuichi Urata
    Treasurer

    July 8, 2015
    STATEMENT OF MANAGEMENT’S RESPONSIBILITY
    FOR ANNUAL INCOME TAX RETURN

    The management of FOXO GROUP CORPORATION is responsible for all information and
    representations contained in the Annual Income Tax Return for the year ended December 31,
    2014. Management is likewise responsible for all information and representations contained in
    the financial statements accompanying the Annual Income Tax Return covering the same
    reporting period. Furthermore, the Management is responsible for all information and
    representations contained in all the other tax returns filed for the reporting period, including, but
    not limited, to the value added tax and/or percentage tax returns, withholding tax returns, and
    any all other tax returns.

    In this regard, the Management affirms that the attached audited financial statements for the year
    ended December 31, 2014 and the accompanying Annual Income Tax Return are in accordance
    with the books and records of FOXO GROUP CORPORATION complete and correct in all
    material respects. Management likewise affirms that:

    (a) the Annual Income Tax Return has been prepared in accordance with the provisions of
    the National Internal Revenue Code, as amended, and pertinent tax regulations and
    other issuances of the Department of Finance and the Bureau of Internal Revenue;
    (b) any disparity of figures in the submitted reports arising from the preparation of financial
    statements pursuant to financial accounting standards and the preparation of the income
    tax return pursuant to tax accounting rules has been reported as reconciling items and
    maintained in the company’s books and records in accordance with the requirements of
    Revenue Regulations No. 8-2007 and other relevant issuances;
    (c) that FOXO GROUP CORPORATION has filed all applicable tax returns, reports and
    statements required to be filed under Philippine tax laws for the reporting period, and all
    taxes and other impositions shown thereon to be due and payable have been paid for the
    reporting period, except those contested in good faith

    Roi John B. Gabalog


    President/Chairman

    Yuichi Urata
    Treasurer

    July 8, 2015

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